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I pulled the following from guidelines published by the trading firm Kestrel International in 2006:
The U.S. IRS will only allow foreign pension plans to be transferred to the U.S. that have been approved by the IRS and meet the requirements of the IRS code. To date, no U.K. pension plans that are based on U.K. pension legislation have ever been approved by the IRS. Generally the terms of a U.K. pension are more generous than a U.S. pension plan.
I'm not aware of any more recent updates.
agreed! I would certainly Look further before resorting to that option, As a professional i deal with international pensions transfers like SIPPS, SSAS, FURBS , we provide a very market exclusive product for HNW clients.
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